Digital Commons Network^™

A Linguistic Analysis Of Accounting, Gail E. Farrelly

Historical Working Papers

Examples of crucial word meanings are given that tend to obfuscate issues and may diminish the professional role of accountants.

Reasons For Quitting: A Comparison Of Part-Time And Full-Time Employees, James R. Salter, Lawrence H. Peters, Ellen F. Jackofsky

Historical Working Papers

Based on the construct of "partial inclusion", it was hypothesized that the turnover of full-time employees would be best explained by job-related reasons and that of part-time employees by non job-related reasons. To test these hypotheses, data were collected from 1558 part-time and 640 full-time persons who voluntarily quit their jobs. With the exception of three items dealing with work schedules, the results tended to support the hypotheses. These results were discussed with regard to the management of turnover within full-time and part-time employee groups and the importance of continued research aimed at identifying company controllable factors whih influence the …

A Further Inquiry Into The Market Value And Earnings' Yield Anaomalies, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

The apparent existence of two stock market anomalies, the earnings' yield (E/P ratio) and the market value (MV) effects, has stimulated considerable research. This study expands the E/P - MV literature by detecting the following: (1) both an E/P and a MV effect exist among a sample of industrial stocks over the 1970-1980 period; (2) using risk-adjusted returns, each of the E/P and MV effects persisted even after controlling the other; (3) an adjustment for a significant time bias in the returns data caused the MV anomaly to disappear after controlling for E/P ratios, but a significant E/P effect remained; …

Teaching A Financial Planning Language As The Principal Computer Language For Mba's, Thomas E. Perkins, Paul Gray

Historical Working Papers

This paper describes the experiences at SMU in using a financial planning language (specifically, the Interactive Financial Planning System (IFPS)) as the primary computer language taught to MBA's. The language was introduced to extend the students' ability to solve business problems. Experiences with teaching the language, the extent of its use, and the results of a student suvey are discussed.

A Typology Of Small Businesses: Hypothesis And Preliminary Study, Neil C. Churchill, Virginia L. Lewis

Historical Working Papers

Growth of companies through various stages of development is explored and validated by comparison with companies described by current company officers who were participating in a training program. Since data used were not representative of small business, full validation of the evolutionary model was not completed.

Reporting On The Annual Report, Gail E. Farrelly, Gail B. Wright

Historical Working Papers

Annual reports provide an important source of information for investors. The SEC guidance to companies that requires "forward-looking" discussions of events is far from uniform but a constructive step in providing information.

The Senior Marketing Officer - An Academic Perspective, James T. Rothe

Historical Working Papers

This paper reports the summary observations and opinions associated with the performance of the senior managerial task and reassesses the marketing educator's responsibilities in light of the experience. The observations and opinions are based on a recently completed two year experience as Senior Vice President of Marketing for the Searle Optical Group (Pearle Vision Centers). Critical observations are made about the role of marketing in the firm, the most vital aspects of thee job, the art-science debate, marketing and finance, working with people, dealing with inflation, and time pressures. These observations are then discussed in the context of the mar;keting …

Put Budgeting Back Into Capital Budgeting, Michael F. Van Breda

Historical Working Papers

Use of accrual accounting in both the decision making and subsequent control phase of management can make the the entire process both more understandable and accountable with referring to laborious mathematical models that require advanced skills to assimilate.

Replicating Electric Utility Short-Term Credit Ratings, John W. Peavy, Iii, S. Michael Edgar

Historical Working Papers

The market has devised a more detailed public utility commercial paper rating scherre than presently exists at the major rating bureaus. This stuiy identifies the key financial variables that contribute to market rating differences. A multiple discriminant model is developed that employs these variables to replicate not only agency ratings, but also the more precise market ratings. The empirical results verify the contention that public utility paper issuers can be effectively classified into more distinct quality categories than are currently provided by the agency raters.

Job Turnover Versus Company Turnover: Reassessment Of The March And Simon Participation Model, Ellen F. Jackofsky, Lawrence H. Peters

Historical Working Papers

This study is designed to test the proposition that both intraorganizational and inter-organizational mobility, as opposed to interorganizational mobility alone, may be a more appropriate criterion for testing conceptual propositions regarding the prediction of turnover. To this end, the March and Simon (1958) participation model was tested utilizing two different dependent measures, job turnover and organizational turnover, among a sample of 290 retail sales employees. Measures of job satisfaction and the expectation of finding alternatives were administered and eight months later turnover data were collected. Using moderated regression, it was found that with the criterion, job turnover, the ease x …

Audit Problems Encountered In Small Business Engagements; Auditing Research Monograph, 5, D. D. Raiborn, American Institute Of Certified Public Accountants. Computer Services Executive Committee

Guides, Handbooks and Manuals

No abstract provided.

Aicpa Annual Report 1981-82; Message To Members, American Institute Of Certified Public Accountants

AICPA Annual Reports

No abstract provided.

Developing And Implementing Institutional Priorities For An Adult-Oriented College Through A System Of Management Objectives, Margaret R. Shearon

HCBE Theses and Dissertations

Nova College, the undergraduate center of Nova University, was faced with the need to make additional organizational and structural changes in order to meet mandated requirements of the Southern Association of Colleges and Schools as well as to accommodate increasing student enrollment and growing competition from a large public university. This study was concerned with the changes made in the Business Programs and Career Division of Nova College.

An assessment was done to determine the areas most in need of change. This led to developing and implementing institutional priorities through a system of managerial objectives. Several research questions were asked …

Book Reviews [1981, Vol. 8, No. 2], Dale A. Buckmaster

Accounting Historians Journal

Books reviewed are: Tito Antoni, I Costi Industriali di Una Azienda Conciaria della Fine del Trecento, 1384-1388 Reviewed by Alvaro Martinelli; Horace Lucian Arnold (Henry Roland), The Complete Cost-Keeper, 3rd ed. Reviewed by G. Stevenson Smith; Andrew Barr and Kenneth W. Perry, Editors, Written Contributions of Selected Accounting Practitioners Volume 3: Andrew Barr Reviewed by Martin Benis; Victor Z. Brink, Foundations for Unlimited Horizons?? Institute of Internal Auditors 1947-1976 Reviewed by H. V. Vasudeva Rao; Alfred DuPont Chandler, Jr., The Visible Hand: The Managerial Revolution in American Business Reviewed by Mary McKinney Schweitzer; A Chartered Accountant, The Etiquette of The …

Accountants' Index. Twenty-Ninth Supplement, January-December 1980, Volume 2: M-Z, Linda Pierce, American Institute Of Certified Public Accountants

Accountants' Index

No abstract provided.

Sequential Information Dissemination And Relative Market Efficiency, Christopher B. Barry, Robert H. Jennings

Historical Working Papers

Research in the area of capital market efficiency with respect to information generally considers only the two conclusions that the market is efficient or it is.not efficient; information is either instantaneously reflected in prices or it is not. We investigate a market structure in which individual traders may require differential time lags to respond to new information, either because of time lags in acquiring the information or because of differences in ability to process received information quickly. In the context of this market, we argue that the dichotomous view of efficiency versus inefficiency is not useful; rather it is meaningful …

The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

This study evaluates the PE ratio as a means of predicting portfolio returns. Results indicate that the PE ratio is a good factor in predicting return and that the CAPM measure may be inadequate.

The Price-Earnings Relative As An Indicator Of Investment Returns, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

The use of the price-earnings relative indicator (PER) is examined to assess its utility in evaluating stock returns for similarly performing firms. The measure does seem to be a valid predictor of investment returns and eliminate bias between firms within the same industry.

Merchandising Decisions: A New View Of Planning And Measuring Performance, Michael Levy, Charles Ingene

Historical Working Papers

Expanding the scope of factors considered in evaluating return on investment can assist front line managers in making realistic decisions about inventory. Several factors that directly account for profitability and are within the purview of front line managers are discussed and means of optimizing their relationships are discussed.

Job Redesign: Improving The Quality Of Working Life, John W. Slocum, Jr.

Historical Working Papers

Whenever a job is changed, a manager has a chance to increase both the quality of the employees• work I ife and their on-the-job productivity. This manuscript briefly reviews the salient concepts in the .iob redesign I iterature and permits the reader to undertake a job redesign program . Actua l company data are provided that indicate the effectiveness of the company's strategy .

Solution Strategies And Algorithm Behavior In Large-Scale Network Codes, Richard S. Barr

Historical Working Papers

No abstract provided.

Strategic Management For Wholesalers: An Environmental Management Perspective, William L. Cron, Valerie A. Zeithaml

Historical Working Papers

The purpose of this paper is to propose that environmental management, a conceptual framework from the organizational policy and strategy literature, can function as a useful paradigm for wholesalers who desire to adopt a long-range planning perspective. This perspective, often called strategic management, may be critical to the success and survival of firms in the 1980's as economic, political, competitive, regulatory, and societal forces exert increasing impact on their performance levels.

Modeling Earnings Behavior, Michael F. Van Breda

Historical Working Papers

The differences between the economic rate of return measure and the accounting rate of return measure are explored. The economic rate is based on expectation where the accounting rate is based on actual events. The accounting system filters return data by averaging and other processes to create a slow rate of reversion.

The Dimensions Of Self-Management, David Goodman, Leland M. Wooton

Historical Working Papers

The concepts that differentiate self-management from authority-based management are explored. A survey, used to assess how executives view self- management, demonstrates relatively strong support for the notion. An overall analysis suggests that in the post WWII era, democracy in the work place and self-fulfillment elements in work design are gradually displacing classic American management and are now allied with the American value of individualism.

Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

Authors support the notion that companies with low price-earning ratios make excellent investments with above normal returns balanced by lower than normal risk.

The Sensitivity Of Policy Elasticities To The Time Period Examined In The St. Louis Equation And Other Tests., Frank J. Bonello, William R. Reichenstein

Historical Working Papers

Using the reduced form equation of the St. Louis Fed's monetarist macroeconomic model, we examine the sensitivity of monetary and fiscal policy elasticity estimates to the empirical estimation technique, to the assumed lengths of policy lags, and. to the time period studied. The empirical results are not very sensitive to the first two factors, but the results are quite sensitive to the time period examined. Two plausible explanations for the divergent results are considered and examined and the implications of the divergent results for the usefulness of the St. Louis model is discussed •

National Dpa Program For Administration The Center For The Study Of Administration Program Mover Sequence 6, Nova University

Huizenga Postgraduate Course Catalogs

No abstract provided.

Blue Cross And Blue Shield Of Florida Annual Report: 1981, Blue Cross Of Florida, Inc.

Florida Blue Archives Printed Materials

Annual company report for 1981 detailing Blue Cross of Florida's business operations, financial assets and expenditures, and executive leadership.

Accountants' Index. Twenty-Eighth Supplement, January-December 1979, Volume 2: M-Z, Jane Kubat, American Institute Of Certified Public Accountants

Accountants' Index

No abstract provided.

Budgeting Capital For R & D: An Application Of Option Pricing, John W. Kensinger

Historical Working Papers

This paper presents the insight that R&R investments are "natural" options, and examines the extent to which they can be valued using currently available option pricing models. The nature of the industrial research effort determines whether the appropriate model is based on a diffusion process or a jump process. The option model based on the former is sufficiently developed to satisfactorily deal with the direct benefits of R&D, while the model base on the latter presents several problems. Furthermore, indirect benefits are not captured in these models. These applications and shortcomings are examined in detail in the hope of not …